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TürkçeFirst Digital USD Information
First Digital USD is a stablecoin designed to maintain a one-to-one parity with the US dollar, offering a reliable and secure digital alternative for users seeking stability in the volatile cryptocurrency market. By leveraging blockchain technology, it provides fast and transparent transactions while ensuring compliance with regulatory standards. This stablecoin appeals to both investors looking for lower-risk digital assets and businesses aiming for seamless cross-border transactions.
Understanding First Digital USD: An Emerging Stablecoin
The First Digital USD (FDUSD) is an innovative stablecoin designed to offer a reliable digital asset pegged to the US Dollar. As the world of cryptocurrencies continues to expand, stablecoins are becoming an essential component for traders, investors, and everyday users. FDUSD aims to provide stability, transparency, and security, making it an intriguing option for those looking to minimize volatility in their crypto portfolios.
Advantages of First Digital USD
FDUSD offers several benefits that make it appealing to a wide range of crypto enthusiasts. One of its primary advantages is stability. Being pegged to the US Dollar, FDUSD is less prone to extreme price swings that are characteristic of more volatile digital assets, thereby providing a safe haven during market turbulence.
Another advantage is transparency. The coin's circulating supply matches its total supply, currently standing at approximately 2.63 billion FDUSD, minimizing the risk of price manipulation. Furthermore, FDUSD boasts a significant trading volume, with over $4.6 billion exchanged recently, adding to its liquidity and ease of trade.
Drawbacks to Consider
However, like any digital asset, FDUSD is not without its disadvantages. The reliance on a centralized entity to maintain the pegging mechanism can be seen as a drawback, particularly for users who prioritize decentralized finance (DeFi) solutions. Additionally, while the fluctuations are generally small, even slight deviations from its peg can be concerning for risk-averse investors.
Historical Development and Market Performance
First Digital USD has exhibited notable performance trends since its inception. The all-time low (ATL) of $0.942129 was recorded in August 2023, showing resilience with more than 6% growth since then. The all-time high (ATH) of $1.089 occurred in May 2024, marking a moderate retreat of 8.14% to the current levels.
Overall, while the coin has experienced ups and downs, its price stability is reflected in relatively minor day-to-day changes. The current fluctuation of less than 0.1% over the past 24 hours highlights the steadiness that FDUSD brings to the often unpredictable crypto market.
Future Outlook for First Digital USD
Looking into the future, First Digital USD is poised to grow alongside increasing adoption of stablecoins in digital and traditional financial systems. As more investors seek low-volatility assets amid broader economic uncertainty, FDUSD is well-positioned to serve as an integral part of multi-asset portfolios.
However, its success largely depends on regulatory landscapes, technological advancements, and its ability to maintain a steadfast connection to its USD peg while ensuring security and transparency. As the crypto ecosystem continues to mature, FDUSD's role could become more pronounced as both a foundational building block for DeFi applications and a reliable medium for digital transactions.
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from price
$1
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General Information |
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Title
First Digital USD
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Symbol
fdusd
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Whitepaper
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Website
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Community
-
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
1
$
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High 24h
1.018
$
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Low 24h
0.987863
$
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Price Change 24h
0.00833263
$
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Price Change % 24h
0.8402
%
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Market Data |
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Market Cap
1793957878
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Total Volume
9926394102
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Market Cap Change 24h
-41425664.251518
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Market Cap Change % 24h
-2.25706
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
1795481182.62
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Total Supply
1795481182.62
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.089
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ATH Change %
-8.12823
%
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ATH Date
2024-05-20 19:42
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All Time Low (ATL)
0.940377
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ATL Change %
6.34823
%
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ATL Date
2024-12-05 22:30
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